Cardano is a third-generation blockchain platform designed to provide a more secure and scalable infrastructure for the development and execution of decentralized applications and smart contracts. Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano aims to address the limitations of earlier blockchain networks, such as Bitcoin and Ethereum, by implementing a research-driven, peer-reviewed approach to development. The platform uses a unique proof-of-stake consensus mechanism called Ouroboros, which is designed to be more energy-efficient and secure compared to traditional proof-of-work systems. Cardano's layered architecture separates the settlement layer, which handles transactions, from the computation layer, which runs smart contracts, enhancing its flexibility and scalability. With a strong emphasis on sustainability, interoperability, and regulatory compliance, Cardano aims to foster a more inclusive and equitable financial system globally.
